How I Bought Real Estate Which Makes Me $1.7 Million Per Year | Ben Wolff Interview

What if you can't code and you're not good at tech?

You go and start a business that makes $1.7 million per year.

This is what Ben Wolff did with little money and reasonably short period of time.

Today, he manages more than $65 million worth of real estate.

"With our properties, we achieve industry-leading margins of, say, 52-55% NOI."

We discuss:

— Opening first property

— Starting an real estate management company

— Secrets of using social media platforms in short stay

— Achieving 52-55% NOI margins

— How to really own customers

— Not relying on booking platforms

00:00 - Intro

00:40 - Being broke, $30,000 in debt, what next...

07:05 - REIT (a public company) acquires the majority of the company

11:00 - Revenue and size of the business

14:02 - Fundraising with no track record used to be easy

20:17 - Luxury hotel stays and 50%+ IRR

24:49 - Using social media to achieve industry leading margins

30:45 - 100% overship of a customer

31:50 – How traditional businesses should use social media to their advantage

34:34 - The biggest lesson as an operator - quality!

42:05 - The benefits of sharing everything publicly

54:30 - Reinvesting all real estate profits in the media

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This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.